Method and apparatus for minimizing credit card fraud
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United States of America Patent
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Feb 13, 2001
Grant Date -
N/A
app pub date -
Jan 7, 1998
filing date -
Jan 7, 1998
priority date (Note) -
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status (Latency Note)
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Abstract
An intelligent credit card incudes a keypad for inputting numbers and other information, a processor for controlling the operation of the credit card, a power source, and an output device for selectively outputting the credit card number when the card is activated. The output device is a magnetic strip. A user inputs a sequence of numbers using the keypad. The received sequence of numbers are compared to a stored PIN number. If the sequence of numbers matches the PIN number, the card is activated, and the credit card number is output using the output device.
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